Ernst & Young Monthly News November 2008
E-News
(PDF, English, 86 kB)
Developments regarding dividends paid during the financial year.
(PDF, English, 381 kB)
The accounting profession responds to the credit crisis / Testing for impairment during financial crises and recession / Distributor
arrangements / Financial reporting developments / Resources
(PDF, English, 121 kB)
This issue looks at the further exemptions from the full retrospective application of IFRS proposed in a recent Exposure Draft
from the IASB. These will mainly affect the oil and gas sector and regulated industries. First-time adopters should benefit from
cost reductions, but there are planning implications and other consequences that need to be considered.
(PDF, English, 128 kB)
The IASB has just published an Exposure Draft, as part of a joint project with FASB, to develop a common definition of "discontinued
operations" and to require common disclosures that would focus on the balance sheet classification of disposal groups rather than income
statement effects.
(PDF, English, 149 kB)
This issue provides an overview of the amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7
Financial Instruments: Disclosures which allows reclassification of certain financial instruments from held for trading to either held
to maturity, loans and receivables or available for sale categories under certain circumstances. In addition, it contains a preliminary
analysis of some of the considerations when applying the amendment.
(PDF, English, 180 kB)
Editorial / Germany - current trends (Heiko Kubaile) / New memorandum of understanding applicable to senior managers (Heiko
Kubaile) / International transfer pricing - recent developments (Salim Damji, Ulrike Wolff) / Developments in the OECD (Bernhard
Hössli) / Taxation of EU savings income back on the agenda (Alberto Lissi, Janine Ziegler) / Dumont Practice: bidding farewell to
a Federal Supreme Court judgment (Urs Schüpfer, Sereina Purtschert) / Tighter regulations on the valuation of securities without
a market value (Walo Stählin, Lucie Ditrych) / Is there any Swiss withholding tax obligation for Swiss employers regarding work
activities performed for them in a country without a double taxation agreement? (Andreas Tschannen, Michelle Fahrni) / Changes
in relation to withholding tax, stamp duty and lump-sum tax imputation (Noëmi Schenk) / VAT reform: the story so far ...
(Barbara Henzen, Patrick Lehmann)
(PDF, English, 170 kB)
Major developments / Editorial / Focus on state aid: News block exemption regulation / Direct tax: Country updates / Indirect
tax: Latest EU developments; country updates / Contacts: Direct tax and indirect tax
(PDF, English, 366 kB)
Major developments / Editorial / Focus on tobacco taxation: Proposal to increase exercise duties / Direct tax: Country
updates / Indirect tax: Latest EU developments; country updates / Contacts: Direct tax and indirect tax